13F-HR/A 1 stcdec06.txt 13F QTR END 12-31-06 FORM 13F COVER PAGE REPORT FOR THE CALENDAR YEAR OR QUARTER ENDED: Dec 31, 2006 CHECK HERE IF AMENDMENT [ ]; AMENDMENT NUMBER: THIS AMENDMENT (CHECK ONLY ONE.): [ ] IS A RESTATEMENT [ ] ADDS NEW HOLDINGS ENTRIES. INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT: NAME: SALIENT TRUST CO LTA ADDRESS: 4265 SAN FELIPE, STE 900 HOUSTON, TX 77027 13F FILE NUMBER: The institution investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is trust, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGERS: NAME: LISA VANDER VOORT TITLE: MANAGER - OPERATIONS PHONE: 713-993-4672 SIGNATURE, PLACE AND DATE OF SIGNING: LISA VANDER VOORT HOUSTON, TX Dec 31, 2006 REPORT TYPE (CHECK ONLY ONE.): [ X ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. LIST OF OTHER MANAGERS REPORTING FOR THIS MANAGER: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE REPORT SUMMARY: NUMBER OF OTHER INCLUDED MANAGERS: 0 FORM 13F INFORMATION TABLE ENTRY TOTAL: 10009295 FORM 13F INFORMATION TABLE VALUE ENTRY: $612132 FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M CO Equities 88579Y101 375 4820 SH DEFINED 3700 0 1120 3M CO Equities 88579Y101 697 8946 SH SOLE 8946 0 0 ABBOTT LABS Equities 002824100 141 2900 SH DEFINED 2900 0 0 ABBOTT LABS Equities 002824100 2455 50406 SH SOLE 50406 0 0 ALLEGHENY TECHNOLOGIES Equities 01741R102 678 7482 SH SOLE 7482 0 0 ALTRIA GROUP Equities 02209S103 779 9085 SH DEFINED 2375 0 6710 ALTRIA GROUP Equities 02209S103 10562 123078 SH SOLE 123078 0 0 AMB INDUSTRIAL Equities 00163T109 0 0 SH DEFINED 0 0 0 AMB INDUSTRIAL Equities 00163T109 234 4000 SH SOLE 4000 0 0 AMERICAN EXPRESS Equities 025816109 1336 22030 SH SOLE 22030 0 0 AMERICAN EXPRESS Equities 025816109 428 7065 SH DEFINED 6250 0 815 AMERICAN INTL GROUP Equities 026874107 132 1846 SH SOLE 1846 0 0 AMERICAN INTL GROUP Equities 026874107 339 4741 SH DEFINED 2837 0 1904 AMGEN Equities 031162100 340 4984 SH DEFINED 3830 0 1154 AMGEN Equities 031162100 561 8215 SH SOLE 8215 0 0 ANADARKO PETROLEUM Equities 032511107 248 5720 SH DEFINED 2900 0 2820 ANADARKO PETROLEUM Equities 032511107 999 22956 SH SOLE 22956 0 0 ANHEUSER-BUSCH Equities 035229103 571 11610 SH DEFINED 11610 0 0 ANHEUSER-BUSCH Equities 035229103 107 2183 SH SOLE 2183 0 0 APT INVESTMENT & MGMT Equities 03748R101 728 13000 SH SOLE 13000 0 0 ARCHSTONE-SMITH TRUST Equities 039583109 390 6700 SH SOLE 6700 0 0 ARCHSTONE-SMITH TRUST Equities 039583109 0 0 SH DEFINED 0 0 0 ASHFORD HOSPITALITY Equities 044103109 225 18100 SH SOLE 18100 0 0 ASHFORD HOSPITALITY Equities 044103109 0 0 SH DEFINED 0 0 0 AT&T INC Equities 00206R102 140 3943 SH DEFINED 3818 0 125 AT&T INC Equities 00206R102 216 6060 SH SOLE 6060 0 0 AVALON BAY COMMUNITIES Equities 053484101 520 4000 SH SOLE 4000 0 0 AVALON BAY COMMUNITIES Equities 053484101 0 0 SH DEFINED 0 0 0 BANK OF AMERICA Equities 060505104 1823 34150 SH SOLE 34150 0 0 BANK OF AMERICA Equities 060505104 310 5825 SH DEFINED 3825 0 2000 BANK OF NOVA SCOTIA Equities 064149107 453 10120 SH SOLE 10120 0 0 BERKSHIRE HATHAWAY - B Equities 084670207 0 0 SH SOLE 0 0 0 BERKSHIRE HATHAWAY - B Equities 084670207 1558 425 SH DEFINED 425 0 0 BERKSHIRE HATHAWAY INC CL A Equities 084670108 549 5 SH DEFINED 0 0 5 BERKSHIRE HATHAWAY INC CL A Equities 084670108 219 2 SH SOLE 2 0 0 BOSTON PROPERTIES, INC. Equities 101121101 1969 17600 SH SOLE 17600 0 0 BOSTON PROPERTIES, INC. Equities 101121101 22 200 SH DEFINED 0 200 0 BP ADR Equities 055622104 890 13271 SH SOLE 13271 0 0 BP ADR Equities 055622104 237 3540 SH DEFINED 2900 0 640 CASH AMERICA INTERL Equities 14754D100 257 5500 SH DEFINED 0 0 5500 CATERPILLAR Equities 149123101 134 2200 SH DEFINED 2200 0 0 CATERPILLAR Equities 149123101 465 7585 SH SOLE 7585 0 0 CHEVRON CORPORATION Equities 166764100 541 7371 SH SOLE 7371 0 0 CHEVRON CORPORATION Equities 166764100 160 2179 SH DEFINED 1400 0 779 CISCO SYSTEMS Equities 17275R102 131 4798 SH DEFINED 1700 0 3098 CISCO SYSTEMS Equities 17275R102 89 3272 SH SOLE 3272 0 0 CITIGROUP Equities 172967101 452 8116 SH DEFINED 4050 0 4066 CITIGROUP Equities 172967101 1202 21597 SH SOLE 21597 0 0 COCA COLA Equities 191216100 619 12709 SH DEFINED 11015 0 1694 COCA COLA Equities 191216100 7198 149191 SH SOLE 149191 0 0 CONOCOPHILIPS Equities 20825C104 458 6369 SH DEFINED 3400 0 2969 CONOCOPHILIPS Equities 20825C104 1363 18946 SH SOLE 18946 0 0 CROWN CASTLE Equities 228227104 3897 120665 SH DEFINED 0 0 120665 CROWN CASTLE Equities 228227104 1093 33850 SH SOLE 33850 0 0 CVS CORP Equities 126650100 200 6500 SH DEFINED 6500 0 0 CVS CORP Equities 126650100 574 18600 SH SOLE 18600 0 0 DEVON ENERGY Equities 25179M103 118 1765 SH SOLE 1765 0 0 DEVON ENERGY Equities 25179M103 107 1600 SH DEFINED 900 0 700 DUKE ENERGY CORPORATION Equities 26441C105 2679 80683 SH SOLE 80683 0 0 DUKE ENERGY CORPORATION Equities 26441C105 303 9135 SH DEFINED 8450 0 685 EASTGROUP PROPERTIES, INC. Equities 277276101 682 12750 SH SOLE 12750 0 0 EASTGROUP PROPERTIES, INC. Equities 277276101 0 0 SH DEFINED 0 0 0 ELI LILLY Equities 532457108 161 3100 SH DEFINED 3100 0 0 ELI LILLY Equities 532457108 443 8520 SH SOLE 8520 0 0 ENTERPRISE PRDUCTS PTNRS Equities 293792107 0 0 SH DEFINED 0 0 0 ENTERPRISE PRDUCTS PTNRS Equities 293792107 3234 111612 SH SOLE 111612 0 0 EQUITY RESIDENTIAL Equities 29476L107 294 5800 SH SOLE 5800 0 0 EQUITY RESIDENTIAL Equities 29476L107 20 400 SH DEFINED 0 400 0 ESSEX PROPERTY TRUST Equities 297178105 0 0 SH DEFINED 0 0 0 ESSEX PROPERTY TRUST Equities 297178105 323 2500 SH SOLE 2500 0 0 EXXON MOBIL Equities 30231G102 14777 192837 SH DEFINED 148054 0 44783 EXXON MOBIL Equities 30231G102 425356 5550783 SH SOLE 5550783 0 0 FLORIDA ROCK INDS Equities 341140101 441 10250 SH SOLE 10250 0 0 FLUOR Equities 343412102 257 3152 SH SOLE 3152 0 0 FORTUNE BRANDS Equities 349631101 848 9935 SH SOLE 9935 0 0 FORTUNE BRANDS Equities 349631101 162 1900 SH DEFINED 1900 0 0 GENERAL ELECTRIC Equities 369604103 7952 213732 SH SOLE 213732 0 0 GENERAL ELECTRIC Equities 369604103 905 24335 SH DEFINED 14613 4002 5720 GENERAL GROWTH PPTYS Equities 370021107 3302 63230 SH SOLE 63230 0 0 GENERAL GROWTH PPTYS Equities 370021107 47 900 SH DEFINED 500 400 0 GOOGLE INC CLASS A Equities 38259P508 216 470 SH SOLE 470 0 0 GRANT PRIDECO Equities 38821G101 407 10249 SH DEFINED 0 0 10249 HEALTH CARE PPTY INVS INC. Equities 421915109 524 14240 SH SOLE 14240 0 0 HILTON HOTELS Equities 432848109 490 14050 SH SOLE 14050 0 0 HILTON HOTELS Equities 432848109 27 800 SH DEFINED 0 800 0 HOME DEPOT Equities 437076102 602 15006 SH SOLE 15006 0 0 HOME DEPOT Equities 437076102 808 20140 SH DEFINED 18500 0 1640 HONDA MOTOR ADR Equities 438128308 393 9950 SH DEFINED 7850 0 2100 HONDA MOTOR ADR Equities 438128308 1437 36360 SH SOLE 36360 0 0 HOST HOTELS & RESORTS Equities 44107P104 3603 146800 SH SOLE 146800 0 0 HOST HOTELS & RESORTS Equities 44107P104 125 5100 SH DEFINED 3700 1400 0 HSBC HOLDINGS ADR Equities 404280406 802 8751 SH SOLE 8751 0 0 HSBC HOLDINGS ADR Equities 404280406 54 600 SH DEFINED 0 0 600 I SHARES MSCI EAFE INDEX FD Equities 464287465 1 14 SH DEFINED 0 0 14 I SHARES MSCI EAFE INDEX FD Equities 464287465 559 7640 SH SOLE 6800 0 840 IBM Equities 459200101 521 5366 SH SOLE 5366 0 0 IBM Equities 459200101 155 1600 SH DEFINED 1200 0 400 INTEL Equities 458140100 173 8590 SH DEFINED 5700 0 2890 INTEL Equities 458140100 2404 118721 SH SOLE 118721 0 0 ISHARES GS NATURAL RESOURCES Equities 464287374 18 179 SH SOLE 179 0 0 ISHARES GS NATURAL RESOURCES Equities 464287374 340 3350 SH DEFINED 3350 0 0 JOHNSON & JOHNSON Equities 478160104 361 5475 SH DEFINED 5475 0 0 JOHNSON & JOHNSON Equities 478160104 4144 62779 SH SOLE 62779 0 0 KIMCO REALTY Equities 49446R109 211 4700 SH SOLE 4700 0 0 KITE REALTY GROUP TRUST Equities 49803T102 546 29350 SH SOLE 29350 0 0 KITE REALTY GROUP TRUST Equities 49803T102 14 800 SH DEFINED 0 800 0 KRAFT FOODS Equities 50075N104 84 2375 SH DEFINED 1875 0 500 KRAFT FOODS Equities 50075N104 925 25923 SH SOLE 25923 0 0 LIBERTY PPTY TR Equities 531172104 44 900 SH DEFINED 500 400 0 LIBERTY PPTY TR Equities 531172104 1004 20450 SH SOLE 20450 0 0 MACERICH Equities 554382101 77 900 SH DEFINED 500 400 0 MACERICH Equities 554382101 3127 36125 SH SOLE 36125 0 0 MANULIFE FINCL ADR Equities 56501R106 792 23462 SH SOLE 23462 0 0 MELLON FINANCIAL Equities 58551A108 1254 29760 SH SOLE 29760 0 0 MELLON FINANCIAL Equities 58551A108 257 6100 SH DEFINED 4400 0 1700 MERCK Equities 589331107 4235 97150 SH SOLE 97150 0 0 MERCK Equities 589331107 612 14050 SH DEFINED 12900 0 1150 MERRILL LYNCH Equities 590188108 1345 14455 SH SOLE 14455 0 0 MERRILL LYNCH Equities 590188108 276 2975 SH DEFINED 2400 0 575 MICROSOFT Equities 594918104 5915 198123 SH SOLE 198123 0 0 MICROSOFT Equities 594918104 497 16661 SH DEFINED 6250 0 10411 MOTOROLA Equities 620076109 493 24006 SH DEFINED 18000 0 6006 MOTOROLA Equities 620076109 12 600 SH SOLE 600 0 0 NATIONWIDE HEALTH PROPERTIES Equities 638620104 1746 57800 SH SOLE 57800 0 0 NATIONWIDE HEALTH PROPERTIES Equities 638620104 30 1000 SH DEFINED 0 1000 0 NORTH AMERICAN TECH GROUP Equities 657193207 86 271310 SH SOLE 271310 0 0 NORTHROP GRUMMAN Equities 666807102 157 2325 SH SOLE 2325 0 0 NORTHROP GRUMMAN Equities 666807102 47 700 SH DEFINED 700 0 0 NUVEEN INSD MUN OPP Mutual Funds 670984103 248 17000 SH SOLE 17000 0 0 ORACLE Equities 68389X105 68 4022 SH DEFINED 0 0 4022 ORACLE Equities 68389X105 146 8570 SH SOLE 8570 0 0 PARKWAY PROPERTIES Equities 70159Q104 20 400 SH DEFINED 0 400 0 PARKWAY PROPERTIES Equities 70159Q104 1550 30400 SH SOLE 30400 0 0 PATTERSON-UTI ENERGY Equities 703481101 580 25000 SH SOLE 25000 0 0 PETROLEUM & RESOURCES Equities 716549100 18 539 SH DEFINED 0 0 539 PETROLEUM & RESOURCES Equities 716549100 215 6444 SH SOLE 4819 0 1625 PFIZER Equities 717081103 417 16105 SH DEFINED 14250 0 1855 PFIZER Equities 717081103 4411 170341 SH SOLE 170341 0 0 PROCTER & GAMBLE Equities 742718109 7429 115599 SH SOLE 115599 0 0 PROCTER & GAMBLE Equities 742718109 918 14284 SH DEFINED 8797 0 5487 PROSPERITY BANCSHARES Equities 743606105 690 20000 SH DEFINED 20000 0 0 PROSPERITY BANCSHARES Equities 743606105 3148 91433 SH SOLE 10971 0 80462 PUBLIC STORAGE, INC. Equities 74460D109 107 1105 SH DEFINED 800 300 5 PUBLIC STORAGE, INC. Equities 74460D109 2962 30380 SH SOLE 30380 0 0 ROYAL BANK OF CANADA Equities 780087102 695 14596 SH SOLE 14596 0 0 S&P SPDR TRUST SERIES I Equities 78462F103 1051 7424 SH SOLE 6989 0 435 S&P SPDR TRUST SERIES I Equities 78462F103 466 3293 SH DEFINED 5 0 3288 SANDERS MORRIS HARRIS GROUP Equities 80000Q104 673 52719 SH DEFINED 12122 0 40597 SANDERS MORRIS HARRIS GROUP Equities 80000Q104 311 24398 SH SOLE 24398 0 0 SCHERING PLOUGH Equities 806605101 0 0 SH SOLE 0 0 0 SCHERING PLOUGH Equities 806605101 351 14850 SH DEFINED 14600 0 250 SCHLUMBERGER Equities 806857108 216 3420 SH SOLE 3420 0 0 SERVICE CORP INTERNATIONAL Equities 817565104 619 60405 SH SOLE 60405 0 0 SERVICE CORP INTERNATIONAL Equities 817565104 0 0 SH DEFINED 0 0 0 SIMON PPTY GROUP Equities 828806109 111 1100 SH DEFINED 900 200 0 SIMON PPTY GROUP Equities 828806109 3125 30860 SH SOLE 30860 0 0 SL GREEN REALTY CORP Equities 78440X101 34 260 SH DEFINED 60 200 0 SL GREEN REALTY CORP Equities 78440X101 2395 18040 SH SOLE 18040 0 0 SOUTHWEST AIRLINES Equities 844741108 188 12317 SH SOLE 12317 0 0 SOUTHWEST AIRLINES Equities 844741108 0 0 SH DEFINED 0 0 0 STERLING BANCSHARES Equities 858907108 905 69561 SH SOLE 69561 0 0 STRATUS PROPERTIES Equities 863167201 0 0 SH DEFINED 0 0 0 STRATUS PROPERTIES Equities 863167201 2996 93652 SH SOLE 93652 0 0 STREETTRACKS GOLD TRUST Equities 863307104 225 3575 SH DEFINED 3410 0 165 STREETTRACKS GOLD TRUST Equities 863307104 373 5909 SH SOLE 3359 0 2550 SUNTRUST BANKS Equities 867914103 139 1650 SH DEFINED 1650 0 0 SUNTRUST BANKS Equities 867914103 1657 19625 SH SOLE 19625 0 0 SYSCO Equities 871829107 27 750 SH DEFINED 750 0 0 SYSCO Equities 871829107 380 10360 SH SOLE 10360 0 0 TARGET CORPORATION Equities 87612E106 308 5416 SH SOLE 5416 0 0 TARGET CORPORATION Equities 87612E106 39 700 SH DEFINED 700 0 0 THE ST. PAUL TRAVELERS CO. Equities 792860108 244 4550 SH DEFINED 3550 0 1000 THE ST. PAUL TRAVELERS CO. Equities 792860108 4151 77318 SH SOLE 77318 0 0 TIME WARNER INC. Equities 887317105 98 4520 SH SOLE 4520 0 0 TIME WARNER INC. Equities 887317105 171 7875 SH DEFINED 5075 0 2800 TRANSOCEAN INC. Equities G90078109 198 2450 SH DEFINED 2400 0 50 TRANSOCEAN INC. Equities G90078109 835 10333 SH SOLE 10333 0 0 TYCO Equities 902124106 277 9130 SH SOLE 9130 0 0 TYCO Equities 902124106 176 5800 SH DEFINED 5600 0 200 U Q M TECHNOLOGIES Equities 903213106 120 44359 SH SOLE 44359 0 0 U STORE IT TRUST Equities 91274F104 30 1500 SH DEFINED 0 1000 500 U STORE IT TRUST Equities 91274F104 1208 58800 SH SOLE 58800 0 0 U.S. BANCORP Equities 902973304 0 0 SH SOLE 0 0 0 U.S. BANCORP Equities 902973304 217 6000 SH DEFINED 6000 0 0 UNITEDHEALTH GROUP INC Equities 91324P102 225 4200 SH SOLE 4200 0 0 UNITEDHEALTH GROUP INC Equities 91324P102 51 950 SH DEFINED 800 0 150 UNITRIN INC Equities 913275103 539 10774 SH SOLE 10774 0 0 VANGUARD REIT ETF Equities 922908553 525 6825 SH SOLE 4980 0 1845 VANGUARD REIT ETF Equities 922908553 25 327 SH DEFINED 0 0 327 WALMART Equities 931142103 481 10425 SH SOLE 10425 0 0 WALMART Equities 931142103 296 6425 SH DEFINED 2925 0 3500 WALT DISNEY Equities 254687106 87 2542 SH DEFINED 1850 0 692 WALT DISNEY Equities 254687106 1747 50992 SH SOLE 50992 0 0 WEATHERFORD INTERNATIONAL LTD Equities G95089101 309 7408 SH DEFINED 0 0 7408 WEINGARTEN REALTY INVESTORS Equities 948741103 3482 75520 SH SOLE 75520 0 0 WEINGARTEN REALTY INVESTORS Equities 948741103 96 2100 SH DEFINED 1000 800 300 WELLS FARGO Equities 949746101 414 11650 SH DEFINED 11400 0 250 WELLS FARGO Equities 949746101 35 1000 SH SOLE 1000 0 0 WYETH Equities 983024100 694 13640 SH SOLE 13640 0 0 ZIMMER HOLDINGS Equities 98956P102 168 2150 SH DEFINED 2100 0 50 ZIMMER HOLDINGS Equities 98956P102 597 7625 SH SOLE 7625 0 0